FSBW
FS Bancorp, Inc.Financial Services · $325M market cap
Verdict
Share price
$44.33
close of Oct 3, 2026
Fair value
$102.80
Sticker Price
Payback Price
$41.12
buy price
FSBW is Undervalued: at $44.33 it trades 57% below its fair value of $102.80. Its buy price (Payback Price) is $41.12, 7% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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Create a free accountInsider activity
Since Aug 6, 2026: no open-market purchases, 4 sales worth $153K and 39 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Degner Terri L
director · 2026-08-28
Sold
$42K
McCormick Sean
Chief Credit Admin. Officer · 2026-08-25
Sold
$39K
Degner Terri L
director · 2026-08-25
Sold
$46K
Degner Terri L
director · 2026-08-25
Sold
$26K
Other filings
Leech Ted A.
director · 2026-08-14
Award
1,200 shares
Allen Shana
Chief Information Office, EVP · 2026-08-14
Tax withholding
$24K
Allen Shana
Chief Information Office, EVP · 2026-08-14
Award
3,164 shares
Nielsen Kelli
Chief Retail Banking, EVP · 2026-08-14
Tax withholding
$34K
Nielsen Kelli
Chief Retail Banking, EVP · 2026-08-14
Award
3,046 shares
Show all 39 other filingsShow fewer
Zavaglia Joseph P.
director · 2026-08-14
Tax withholding
$8K
Zavaglia Joseph P.
director · 2026-08-14
Award
1,200 shares
Adams Joseph C.
director · 2026-08-14
Tax withholding
$117K
Adams Joseph C.
director · 2026-08-14
Award
1,200 shares
Andrews Pamela Marie
director · 2026-08-14
Award
1,200 shares
Cofer-Wildsmith Marina
director · 2026-08-14
Tax withholding
$8K
Cofer-Wildsmith Marina
director · 2026-08-14
Award
1,200 shares
Degner Terri L
director · 2026-08-14
Tax withholding
$28K
Degner Terri L
director · 2026-08-14
Award
1,200 shares
Whittington Phillip Dean
Chief Financial Officer · 2026-08-14
Tax withholding
$18K
Whittington Phillip Dean
Chief Financial Officer · 2026-08-14
Award
1,955 shares
Burr Erin
CRO & CRA Officer, EVP · 2026-08-14
Tax withholding
$28K
Burr Erin
CRO & CRA Officer, EVP · 2026-08-14
Award
2,989 shares
Mullet Matthew D.
President & CEO of the Bank · 2026-08-14
Tax withholding
$86K
Mullet Matthew D.
President & CEO of the Bank · 2026-08-14
Award
8,046 shares
Nesbitt Robert A
Chief Credit Operations, EVP · 2026-08-14
Tax withholding
$12K
Nesbitt Robert A
Chief Credit Operations, EVP · 2026-08-14
Award
2,483 shares
Crowl Ben
Chief Lending Officer/EVP · 2026-08-14
Tax withholding
$26K
Crowl Ben
Chief Lending Officer/EVP · 2026-08-14
Award
3,164 shares
McCormick Sean
Chief Credit Administration · 2026-08-14
Tax withholding
$11K
McCormick Sean
Chief Credit Administration · 2026-08-14
Award
2,483 shares
Jarman Victoria
CHR & WOW! Officer, EVP · 2026-08-14
Award
2,957 shares
Mansfield Michael J.
director · 2026-08-14
Award
1,200 shares
Adams Joseph C.
director · 2026-08-06
J-Other
$5K
Allen Shana
Chief Information Officer, EVP · 2026-08-06
J-Other
$1K
Burr Erin
CRO & CRA Officer, EVP · 2026-08-06
J-Other
$9K
Leech Ted A.
director · 2026-08-06
J-Other
$9K
Crowl Ben
Chief Lending Officer, EVP · 2026-08-06
J-Other
$750
Nielsen Kelli
Chief Retail Banking, EVP · 2026-08-06
J-Other
$750
Zavaglia Joseph P.
director · 2026-08-06
J-Other
$3K
Mullet Matthew D.
Pres & CEO of 1st Security Ban · 2026-08-06
J-Other
$9K
Nesbitt Robert A
CCO Officer/EVP · 2026-08-06
J-Other
$563
Whittington Phillip Dean
Chief Financial Officer · 2026-08-06
J-Other
$4K
Jarman Victoria
CHR & WOW! Officer, EVP · 2026-08-06
J-Other
$4K
About FS Bancorp, Inc.
FS Bancorp, Inc. functions as the holding company for 1st Security Bank of Washington, delivering a comprehensive suite of banking and financial services. These offerings cater to families, local and regional businesses, and specialized industry sectors. The company operates through two main divisions: Commercial and Consumer Banking, and Home Lending. Its deposit portfolio includes checking, money market, and…
Banks - Regional
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works